MWOE.DE vs. IS3S.DE
MWOE.DE (Amundi MSCI World UCITS ETF - USD Dist) and IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) are both Global Equities funds - MWOE.DE tracks the MSCI World while IS3S.DE tracks the MSCI World Enhanced Value. Both are passively managed. Over the past 3 years, MWOE.DE returned 17.43%/yr vs 26.82%/yr for IS3S.DE. Their correlation of 0.81 suggests significant overlap in exposure. MWOE.DE charges 0.12%/yr vs 0.30%/yr for IS3S.DE.
Performance
MWOE.DE vs. IS3S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MWOE.DE achieves a 10.64% return, which is significantly lower than IS3S.DE's 35.27% return.
MWOE.DE
- 1D
- -0.02%
- 1M
- 3.66%
- YTD
- 10.64%
- 6M
- 10.70%
- 1Y
- 23.42%
- 3Y*
- 17.43%
- 5Y*
- —
- 10Y*
- —
IS3S.DE
- 1D
- -0.83%
- 1M
- 11.04%
- YTD
- 35.27%
- 6M
- 38.20%
- 1Y
- 63.38%
- 3Y*
- 26.82%
- 5Y*
- 17.35%
- 10Y*
- 12.60%
MWOE.DE vs. IS3S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 10.64% | 7.87% | 25.72% | 19.87% | 0.54% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 35.27% | 25.13% | 11.36% | 15.62% | 2.52% |
Correlation
The correlation between MWOE.DE and IS3S.DE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2022 | 0.81 |
The correlation between MWOE.DE and IS3S.DE has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.
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Return for Risk
MWOE.DE vs. IS3S.DE — Risk / Return Rank
MWOE.DE
IS3S.DE
MWOE.DE vs. IS3S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World UCITS ETF - USD Dist (MWOE.DE) and iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| MWOE.DE | IS3S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.83 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 10.36 | -6.86 |
| Martin ratioReturn relative to average drawdown | 13.79 | 39.01 | -25.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MWOE.DE | IS3S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 4.53 | -2.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.68 | +0.52 |
Drawdowns
MWOE.DE vs. IS3S.DE - Drawdown Comparison
The maximum MWOE.DE drawdown since its inception was -21.83%, smaller than the maximum IS3S.DE drawdown of -35.18%. Use the drawdown chart below to compare losses from any high point for MWOE.DE and IS3S.DE.
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Drawdown Indicators
| MWOE.DE | IS3S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -35.18% | +13.35% |
Max Drawdown (1Y)Largest decline over 1 year | -6.74% | -6.09% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -17.80% | -4.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.18% | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.83% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -5.82% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.62% | +0.09% |
Volatility
MWOE.DE vs. IS3S.DE - Volatility Comparison
The current volatility for Amundi MSCI World UCITS ETF - USD Dist (MWOE.DE) is 2.63%, while iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a volatility of 5.62%. This indicates that MWOE.DE experiences smaller price fluctuations and is considered to be less risky than IS3S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWOE.DE | IS3S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 5.62% | -2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 7.67% | 11.32% | -3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 13.93% | -2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 13.85% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 15.76% | -2.35% |
MWOE.DE vs. IS3S.DE - Expense Ratio Comparison
MWOE.DE has a 0.12% expense ratio, which is lower than IS3S.DE's 0.30% expense ratio.
Dividends
MWOE.DE vs. IS3S.DE - Dividend Comparison
MWOE.DE's dividend yield for the trailing twelve months is around 0.95%, while IS3S.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 0.95% | 1.33% | 1.20% | 0.58% |
Frequently Asked Questions
MWOE.DE and IS3S.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWOE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWOE.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for IS3S.DE.
MWOE.DE tracks MSCI World, while IS3S.DE tracks MSCI World Enhanced Value. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.12% for MWOE.DE and 0.30% for IS3S.DE.
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